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software/broker advise for day trading and scalping
By
hockey-53, in Beginners Forum
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#analysis #forex #followme #socialtrading The #GBPUSD is trading at 1.2410 due to no positive Brexit developments and an on-going Parliament deadlock at the UK. The #UK #PM Boris Johnson’s Luxembourg visit failed to provide any key updates. The EU President criticized the Tory leaders’ depth of details while British Foreign Secretary Dominic Raab reiterated the PM”s pledge to leave on October 31 and also passing the bucket of criticism back to the EU. The #USD stays on the front foot as the recent rise in #safe-haven demand, mainly due to the attacks of Saudi Arabia, joins hands with optimism surrounding the US-China trade talks, up for early October. While the absence of data, except the US Industrial Production for August, is likely in support of carrying the previous move forward, any positive to the UK PM during the first day of hearings at the UK’s Supreme court could help the Cable recover some of its latest losses. #TechnicalAnalysis Unless providing a daily closing beyond 100-day simple moving average (DMA) level near 1.2510, the quote is less likely to rise towards mid-July highs surrounding 1.2580, which in turn highlights the importance of 1.2380 and 50-DMA level of 1.2280 during further declines. -
By HFblogNews · Posted
Another Best Broker award for HotForex! Dear Client, We are thrilled to announce that International Finance Awards has named HotForex the Best Forex & Commodities Broker in Latin America! A HotForex spokesman said: “This new award is an excellent addition to our 25+ existing awards and demonstrates our continued success in establishing ourselves as a market leader with global reach, committed to providing our clients with the best possible client-centric trading experience.” Thank you for all your support, and for choosing us as your broker of choice! Kind regards, The HotForex Team -
#WeekAhead #forex #news #followme #socialtrading Hey friends! Happy new week. Here are the data highlights for this week: (GMT+8) Monday: 10:00 Chinese industrial production, fixed asset investment and retail sales Tuesday: 09:30 RBA Meeting Minutes 17:00 German ZEW economic sentiment and 21:15 US industrial production Wednesday 16:30 UK Consumer Price Index (YoY) (Aug) 20:30 Canada BoC CPI Thursday: 02:00 US FOMC Economic Projections 02:00 US Fed's Monetary Policy Statement REPORT 02:00 US Fed Interest Rate Decision 02:30 US FOMC Press Conference SPEECH 06:45 AUD Gross Domestic Product (QoQ) (Q2) 09:30 AUD Employment Change s.a. (Aug) 09:30 AUD Unemployment Rate s.a. (Aug) 10:00 JPY BoJ Interest Rate Decision 10:00 JPY BoJ Monetary Policy Statement REPORT 14:00 JPY BoJ Press Conference SPEECH 19:00 UK BoE Asset Purchase Facility 19:00 UK BoE Interest Rate Decision 19:00 UK BoE MPC Vote Hike 19:00 UK Bank of England Minutes REPORT 19:00 UK BoE MPC Vote Cut 19:00 UK BoE MPC Vote Unchanged Friday: 20:30 Canadian Retail Sales (MoM) (Jul) #FederalReserve is expected to cut rate about 25-basis point. It would be a major shock if the Fed doesn’t deliver. But some, including Donald Trump, want more than just 25 basis points. In fact, the US President has called for “boneheads” Fed to cut rates to zero or lower in a tweet this week. Understandably, with US data not deteriorating as badly as, say, Germany, the Fed is reluctant to cut aggressively and rightly so. The risk therefore is that the Fed refuses to provide a dovish outlook for interest rates. In this potential scenario, a rate cut might only weigh on the dollar momentarily. With most other major central banks already being or turning dovish, the Fed will also need to be super dovish for the dollar to end its bullish trend. Otherwise, the greenback may find renewed bullish momentum, even if the Fed cuts by 25 basis points. The #Swiss National Bank will have to say about the #ECB’s decision to resume bond buying, given the recent appreciation of the franc against the shared currency. The #BoJ is unlikely to respond to the #ECB’s resumption of bond buying. It may keep the current policy of controlling the yield curve. For one, the global economy hasn’t deteriorated too significantly to exacerbate deflationary pressures in the export-oriented Japanese economy. For another, the there’s only limited number of policy options left at the BoJ's disposal. Thus, cutting short-term interest rates further into the negative may be an option, but to be used on another occasion.
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